Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) upgraded to Overweight with $35 price target at JPMorgan with analyst Paul Coster saying the company posted fiscal Q1 results well above expectations on work from home and remote learning demand across both PCs and consumer printers. 2. Elanco (ELAN) upgraded to Outperform from Neutral at Credit Suisse with analyst Erin Wilson Wright saying she has "incremental conviction" in its path forward to more consistent 3%-4% annual sales growth and "meaningful" margin expansion. 3. Carvana (CVNA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas seeing Carvana being uniquely positioned to serve an automotive and transportation market that goes far beyond the used car market, contends that "describing Carvana as just a 'used car dealer' is like describing Amazon nearly two decades ago as just an online book seller." 4. Monster Beverage (MNST) upgraded to Outperform from In Line at Evercore ISI with analyst Robert Ottenstein saying he expects growth to benefit this year from a broad-based consumer recovery, but also the continued strength in residential construction and potential infrastructure spending, given that energy drinks, and Monster in particular, "over-index to construction workers." 5. L Brands (LB) upgraded to Overweight from Equal Weight at Morgan Stanley, upgraded to Outperform from In Line at Evercore ISI and upgraded to Neutral from Sell at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.